Category Archives: Bitcoin

Bitcoin zakt richting $30K: Market Cap verliest 80 miljard dollar in één dag (Market Watch)

De totale market cap keldert naar $930 miljard nu bitcoin in één dag zo’n $4.000 aan waarde verloor en de meeste alternatieve munten zijn meegegaan.

Na een nieuwe valse uitbraak, heeft Immediate Edge zich opnieuw teruggetrokken en worstelt om boven de $31.000 te blijven. De meeste alternatieve munten hebben de beweging naar het zuiden gevolgd, en de totale market cap heeft sinds gisteren ongeveer $80 miljard verloren.

Bitcoin faalt op $35K

De primaire cryptocurrency heeft betere dagen gekend, want het heeft ongeveer 15% verloren in slechts een week. Enkele dagen geleden dook het onder de $29.000, en terwijl het leek dat de handelssessie van gisteren meer bullish zou zijn, is de situatie omgedraaid.

BTC startte een opwaartse beweging die resulteerde in een hoogste dagkoers van $35.000. Echter, terwijl de bulls zich voorbereidden op een verdere stijging, namen de beren de leiding en dreven de asset weer naar beneden.

In de daaropvolgende uren verloor BTC ongeveer $4.000 aan waarde en daalde helemaal tot $31.000. De technische indicatoren suggereren dat dit het eerste belangrijke steunniveau is dat het retracement zou kunnen inperken. Als bitcoin eronder breekt, ligt het volgende op $30.760, alvorens mogelijk te steunen op de psychologische $30.000.

Altcoins vallen ook hard

De meeste alternatieve munten boekten de voorbije dagen serieuze winsten en slaagden erin om de dominantie van BTC over de markt te verminderen. Toch hebben ze hun leider gevolgd tijdens de huidige correctie.

Ethereum heeft meer dan 7% verloren en worstelt met $1.300. De rest van de top tien munten staan ook goed in het rood. Namelijk, dat zijn: Ripple (-6%), Bitcoin Cash (-6%), Binance Coin (-4%), Cardano (-4%), Chainlink (-8%), Litecoin (-7%), en Polkadot (-7%).

De situatie onder de lower- en mid-cap altcoins is nog slechter. NEAR Protocol heeft het meest verloren op een 24-uurs schaal met een daling van 17%. NXM (-16%), SushiSwap (-14%), Compound (-13%), The Graph (-13%), Reserve Rights (-13%), en Synthetix (-12%) zijn slechts enkele van de voorbeelden.

Toch zijn er ook enkele indrukwekkende stijgers. Dat zijn onder meer Horizen (24%), Nervos Network (22%), Celo (20%), ICON (12%), en Decred (12%).

De cumulatieve marktkapitalisatie van alle cryptocurrencies is echter in een dag tijd met zo’n $80 miljard gekrompen tot $930 miljard.

Behalve Bitcoin merkt Coinbase ook de institutionele vraag naar Ethereum op

Coinbase ‚Year in Review‘ 2020- rapport verklaarde dat er een groeiende institutionele vraag naar Ether was, te midden van toenemende bedrijfsinvesteringen in Bitcoin.

Volgens onderzoekers van Coinbase Institutional , terwijl de klanten van de beurs vorig jaar overwegend Bitcoin kochten, nam een ​​groeiend aantal ook posities in Ethereum

De meeste institutionele klanten bij Coinbase beschouwen Ethereum als een „gedecentraliseerd computernetwerk“ dat enkele van de belangrijkste eigenschappen van Bitcoin deelt. Met betrekking tot het bezit van Ether zien deze klanten „een combinatie van“ het potentieel van het activum als waardeopslag en het is een digitale grondstof die essentieel is om transacties op Ethereum mogelijk te maken.

Velen denken dat een groeiende interesse in DeFi een primaire reden is achter de stijging van de prijs van Ether. Tegelijkertijd voorspelde David Grider van Fundstrat dat een bloeiende DeFi-economie ETH naar een zevenvoudige toename zou kunnen stuwen.

Vorig jaar groeide de ontwikkelaars- en investeringsactiviteit van Ethereum in DeFi, net als op Ethereum gebaseerde stablecoins, volgens Coinbase’s recensie. De exchange wees echter op problemen met applicaties die momenteel Ethereum gebruiken, waaronder schaalfrictie, hoge gaskosten, wanneer het netwerk overbelast raakt, en ‚complexe slimme contracten‘, die kunnen ‚uitgroeien tot grote voorraden cryptovaluta en zo slechte actoren aantrekken. “

Coinbase klanten geloofde dat Ethereum de primaire zetting netwerk ten grondslag liggen aan dit nieuw financieel systeem kan worden. Volgens de recensie:

In 2020 begonnen DeFi-protocollen gebouwd op Ethereum duidelijk aan te tonen dat de use-cases voor „programmeerbaar geld“ veel verder gaan dan ICO’s.

Bovendien volgt Coinbase de ontwikkeling van CBDC’s „nauwlettend“ en wijst op de „voor de hand liggende“ voordelen voor digitale valuta. Het hoopte ook dat regeringen die CBDC ontwikkelen, „zullen werken aan het behoud van individuele vrijheden en privacy.“ De uitwisseling moedigde de cryptogemeenschap „die deze systemen begrijpen“ aan om te bepleiten dat een overheid e-valuta ontwikkelt bovenop „open, openbare blockchain- netwerken“.

Bitcoin pumps to $ 38,000 – but the charts warn of a crash to $ 20K

In a sudden burst of strength, Bitcoin rose as high as $ 36,500 this morning. However, analysts are warning of a drop to $ 20K.

Previously, the benchmark cryptocurrency cut its previous gains above $ 34,000 and fell as much as 6.83 percent to trade on an intraday low of $ 31,990. BTC added over 18 percent to its rating after falling below $ 30,500 in previous sessions.

But higher selling pressures in the $ 34,000-36,000 range limited the upside and left the price in a choppy range.

Descending triangle

As it stands, Bitcoin Supreme review started making a series of lower highs after hitting a record high near $ 42,000 on Jan. 8. Meanwhile, stronger buying sentiment in the $ 30,000-31,000 range served as support.

The entire trading area appeared like a descending triangle, a bearish reversal / continuation pattern viewed by professional traders.

On Friday at midnight, Bitcoin retested the upper trendline of the triangle for a breakout but failed. A pullback ensued and the price fell back – to retest the channel’s lower trendline. The chances of this continued to rise, and CryptoQuant CEO Ki-Young Ju also published a bearish on-chain signal.

The blockchain analyst noticed a spike in the so-called „Exchange Whale Ratio“, which represents the top 10 Bitcoin transactions divided by the total inflows. If the ratio stays below 85 percent, it signals a bull market.

Conversely, a value above 85 percent warns of a bearish attack.

On Friday, the Exchange Whale Ratio hit its eight-month high, leading Ju to say that „BTC could have a big red candle if the price falls.“

“It should be less than 85% for this bull run to be legitimate. Otherwise, it’s likely a bull trap, ”said Ju.

The $ 20K price target

Bitcoin’s descending triangle pattern suggests a deeper price decline as the price breaks below its support level.

Technically, an asset should fall the maximum distance between the triangle’s top and bottom trendlines after a bearish breakout. In the case of Bitcoin, the gap extends over $ 12,000, which brings the cryptocurrency below $ 20,000 in the medium term.

Nonetheless, by adjusting the lower trendline, the triangle pattern also looks like a symmetrical triangle – a bullish indicator in an uptrend.

Milan klar til at lancere sit eget fanetoken

Milan klar til at lancere sit eget fanetoken: Målet er at nå 450 millioner fans

AC Milan, et velkendt italiensk fodboldhold, lancerer også sit fan-token (ACM) på Chiliz blockchain

Den velkendte italienske fodboldklub AC Milan er bare den seneste sportsklub, der nærmer sig blockchain-verdenen efter at have meddelt den forestående ankomst af sit $ ACM-fanetoken på Chiliz (CHZ).

Lanceringen er planlagt i de næste par uger: ACM-tokenholdere vil kunne bruge dem til at indløse forskellige eksklusive Bitcoin Future belønninger og deltage i aktiviteter med klubben og spillere.

Ankomsten af ​​Milano bringer antallet af sportsklubber på Chiliz blockchain til 20. Disse inkluderer flere europæiske tungvægte i fodbold som Barcelona, ​​Paris Saint-Germain, AS Roma og Atletico Madrid, forskellige e-sportshold og hovedarrangør af MMA, UFC.

Tidligere har fans brugt tokens til at interagere med deres yndlingshold på forskellige måder: For eksempel har tilhængere af en cypriotisk klub, Apollon FC, valgt mod hvem holdet vil spille en venskabskamp og endda har besluttede sig for holdets hjemme- og ude-sæt til sæsonen 2020/2021.

Barcelonas fans brugte poletter til at stemme om, hvor de skulle placere et fandesignet kunstværk i holdets påklædningsværelse, mens Juventus-tilhængere havde indflydelse på valg af klubbens nye hymne. Indehaverne af AS Roma-token kunne også stille spørgsmål til holdtrænerne under en live pressekonference.

Chiliz-tokens er tilgængelige via Socios.com-appen: den er blevet downloadet 450.000 gange med et samlet salg på over 14 millioner tokens.

Mange Chiliz-tokens blev efterfølgende noteret på Binance-børsen, som oprindeligt lancerede et staking-program og derefter åbnede direkte handel med Bitcoin (BTC) og Tether (USDT).

450 millioner fans over hele verden

Casper Stylsvig, AC Milanos indtægtschef, sagde, at beslutningen om at bruge blockchain-teknologi til dels var motiveret af et ønske om at nå 450 millioner fans over hele verden, en opgave, der blev gjort endnu vigtigere under de lockdowns, der blev pålagt regeringer til at bekæmpe COVID-19:

„Vi er glade for at blive medlem af Socios.com og byde dem velkommen til vores familie som en global partner. Dette partnerskab giver os mulighed for at tilbyde vores 450 millioner fans over hele verden en anden spændende måde at interagere med AC Milan på, hvilket er særligt vigtigt. i betragtning af de nuværende omstændigheder skabt af Covid-19-pandemien. „

Alexander Dreyfus, grundlægger og administrerende direktør for Chiliz og Socios.com, sagde, at han håber at bruge fan-tokens som et primært værktøj til fanengagement. Efter hans mening vil de blive en ny indtægtskilde for sportssektoren:

Rossoneri-fans vil være i stand til at nyde et hidtil uset engagement med deres yndlingshold ved at kunne påvirke klubbeslutninger med afstemninger og få adgang til VIP-belønninger, eksklusive kampagner, chat og meget mere.

Virksomheden hævder, at det har genereret $ 30 millioner i indtægter til klubber og partnere på lidt over 12 måneder. Barcelona (BAR) fan-tokens blev udsolgt inden for to timer efter lanceringen og genererede i alt 1,2 millioner dollars; salgsmængderne for Juventus (JUV) og Paris Saint-Germain (PSG) tokens oversteg $ 300 millioner i dagene efter noteringen på Binance.

Wirex crypto-card supplier becomes a leading member

Wirex crypto-card supplier becomes a leading member of the Visa network in Europe

The supplier of Wirex crypto-cards has just obtained the status of Visa principal member in Europe. The company can now issue Visa cards on its own and offer new services.

Based in London, the Wirex crypto-card supplier is now a principal member of Visa in Europe. Obtaining this much Bitcoin Trader sought-after status gives Wirex the necessary authorisations to independently issue Visa debit cards.

Wirex thus joins Coinbase, which until now was the only company specialising in cryptocurrencies to have the Visa principal member status.

„Digital currencies have the potential to extend the value of digital payments to more people and more places,“ said Cuy Sheffield, Senior Director and Head of Cryptography at Visa. „We are delighted to be working with innovative Fintech companies such as Wirex, and to enable their customers to use digital currencies at more than 61 million merchants in the Visa network. »

Pavel Matveev, CEO and co-founder of Wirex, stressed in the press release that obtaining Visa Master Member status will provide the company with many opportunities. In particular, it will help Wirex to develop its product internationally:

„Our main objective is to unite traditional and digital economies, and collaborations with trusted global payment companies such as Visa make this possible by providing simple and cost-effective solutions for the day-to-day use of cryptography,“ he added.

Wirex strengthens its position in the crypto-card market

As Wirex mentions, this announcement comes at a pivotal time for the cryptomatics industry, as Bitcoin (BTC) reaches new historical heights and becomes the asset of choice for many institutions.

Moreover, Wirex claims that the number of cryptocurrency exchanges on its platform has increased by +271% compared to last year, a metric that alone shows the company’s development in the industry.

Particularly appreciated, Wirex’s crypto-card is accompanied by a cashback system called Cryptoback, which allows to recover in BTC up to 1.5% of the value of a transaction carried out in shop.

Currently, Wirex products are available in Asia and Europe, where they have already won over 3 million users, according to the company. Within the next few months, Wirex also plans to expand its activities by setting up operations in the United States. In addition, the company has already received a licence from the State of Georgia allowing it to launch payment services.

As a reminder, Wirex was the first company in the world to issue a crypto-card in 2014. Since then, Wirex has been enabling its customers to transparently spend up to 20 crypto-currencies and fiat currencies through the Visa network.

Bitcoin 2021: Will the coming year be a successful year for BTC?

Bitcoin (BTC) and gold: the two are often compared in terms of store of value.

Both assets can be used to store value. Bitcoin is easier to transport and sell, but more volatile in price. Gold is the traditional save haven, but not as dynamic as Bitcoin. The picture shows a Bitcoin in front of gold pieces.

The coming year is just around the corner. After the new decade was a complete success, at least from the perspective of the largest cryptocurrency Bitcoin (BTC), the question is what will happen next year. Will we see new highs in 2021 and what events will go down as milestones in Bitcoin history?

Quite apt to this is a description from a report published last week by Wells Fargo, a major US bank. John LaForge, who is the bank’s lead for asset strategy, said:

Over the past 12 years, bitcoin and cryptocurrencies have risen from nothing and now have a market capitalization of $560 billion.

Will 2021 be the year of cryptocurrencies?

John LaForge talks about both the pros and cons of cryptocurrencies in the Wells Fargo Report. At the same time, his basic tenor is optimistic and directed towards the future.

In his opinion, we are long past the moment when it was still said that cryptocurrencies were a fad. Especially in 2021, he said, we should focus on digital assets.

Factors such as sovereign central bank currencies (CBDCs) also play a role in the ongoing digitization of our currencies.

From a bitcoin price perspective, LaForge comes to a bullish conclusion. Thus, he said:

Bitcoin saw a 170% increase this year after already rising 90% in 2019. Investing in cryptocurrencies is a bit like life during the „gold rushes“ in the 1850s. Here, people often speculated a bit more than they invested.

Still, he says, investing in cryptocurrencies is not generally speculation. On the contrary, LaForge gives the justified indication that this year, in addition to classic private investors, in particular large players such as MicroStrategy, PayPayl, Square, as well as a large number of hedge funds have entered the Bitcoin trade.

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Bitcoin: symbiosis of modern and ancient finance

Pierce Crosby gives us a similar and interesting perspective on 2021. Crosby works as a „general manager“ for the all-knowing website and company TradingView.

2021 will mainly revolve around continuous improvement and the ongoing dovetailing of the traditional financial market with the crypto market.

In his opinion, this would result in a bullish case for cryptocurrencies like Bitcoin.

Companies like Square or PayPal impressively show that the interest of retail investors in cryptocurrencies is far from saturated, he said. Furthermore, there are many attractive use cases for Bitcoin and Co.

Increasing adoption, in turn, is also reflected in the price of Bitcoin and other cryptocurrencies, in his opinion. But despite BTC’s strong performance, Crosby sees another winner in 2020:

Bitcoin volatility has been high this year and performance has also been strong. But it’s impossible to top what happened in this year’s DeFi Summer.

Crosby also counts Ethereum (ETH), which is up nearly 300%, as one of the big winners of 2020. The rising interest in decentralized financial instruments has helped both DeFi itself and Ethereum tremendously.

From a trading perspective, the focus this year has been on generating returns through yield farming and similar products.

Finally, he concludes that we have seen a variety of applications of Bitcoin and Co this year. He expects that this was just the beginning and will continue more strongly in the coming years.

Bruno Le Maire’s accusations against cryptocurrencies

First, we asked Axel Simon about the latest accusations made by Bruno Le Maire , Minister of the Economy in France. Recently, Bruno Le Maire has indeed committed to fight against the financing of Islamist terrorism via cryptocurrencies. According to him, terrorists use cryptoassets like Bitcoin to finance their activities.

Bruno Le Maire accuses cryptocurrencies of financing terrorism, while the crypto sector is already highly regulated. Is this an excuse to impose new restrictions?

I had not seen this ad, nor do I follow the news closely. Already, to be clear enough, La Quadrature does not have a determined and clear-cut position on cryptocurrencies and on blockchain issues in general. We are interested, but we don’t really have an overall position. We haven’t really taken an interest in it yet as a collective.

But yes, indeed, the entry points of many cryptocurrencies are still well regulated at the present time with everything that is against money laundering in particular. After that, the concrete operation of the majority of cryptocurrencies is that the traces of almost everything that is done are kept, except on a minority of cryptocurrencies which are not the most popular to my knowledge. So I find that this is an advertisement which is not very interesting. I mean, we know that organized crime does not usually go through cryptocurrency to finance itself . There are more pressing questions about tax havens and even the big banks that turn a blind eye when similar things happen., not necessarily on terrorism, but on crime in general. It is not very relevant.

The digital yuan and Chinese social credit digital yuan

Then we brought up the subject of the digital yuan and Chinese social credit. Indeed, China is currently testing a central bank digital currency in several cities in its territory. Coupled with social credit and a blockchain centralizing all information concerning citizens , this crypto-yuan represents a danger to privacy and freedom.

What does the use of blockchain as a tool for mass surveillance in China inspire you, with in particular the appearance of Chinese social credit and the digital yuan?

I don’t see the connection with blockchains because a blockchain is always a system that works on decentralization, that’s the only sense in which it’s useful. When it’s a single entity and organization, the Chinese government, that can force everyone to use a single system, it doesn’t matter if it’s a blockchain underneath. Whether it is a blockchain or a centralized database, it comes down to the same thing because we have a single actor who controls the information, access to information or writes information, and beyond that who controls whether the population is forced to use the system. In fact, the blockchain part in there is secondary, the real question is completely political, it is outside of what is generally linked to blockchains. Technically, if it’s a blockchain below, why not, but the problem is not at all on this technical aspect,

Finally, a centralized blockchain is not a real blockchain?

Yes, that’s it. The whole point of a blockchain is to have several nodes that belong to different entities so that they can together keep a vision of reality, and of the truth with a small v. And thus avoid that only one of the entities of the group can make lie the archives in large, in a way too easy or invisible. And there, it is totally under the control of the Chinese government, therefore of the same organization … it has no technical interest.

Do you think that a system like Chinese social credit could be implemented elsewhere in the world, including in Europe?

Good question ! I think people would care a lot about it, but you can also get people to do a lot of things with the right incentives, giving people benefits for example, but not in the same way. We are already seeing bits and pieces of this system: there are a lot of people who use loyalty cards in stores. It serves to encourage them to come back and therefore to change their behavior. It is always slight changes in Western countries rather than profound changes, that would be too visible. And these bits and pieces are called to progress because people don’t think too much about it. But it will probably not be managed by a central authority that controls and sees everything. Rather, they will be intertwining of the economic interests of different companies. But there will be similar things.